Preventing Illegal Weapons Trafficking Act of 2023

The Preventing Illegal Weapons Trafficking Act of 2023 requires federal agencies to develop a strategy within 120 days to intercept machinegun conversion devices - parts designed to convert regular firearms into machineguns. The strategy must include better coordination between federal and local law enforcement, training for state and local police to identify these devices, and tracking their origins to identify trafficking patterns. It also amends tax law to allow forfeiture of proceeds from illegal machinegun trafficking and mandates that the Attorney General include specific data on machinegun conversion devices in the annual firearms trafficking report. This law directly affects federal agencies (like the ATF and DHS) and state/local law enforcement through new coordination, reporting, and data-collection requirements.